About Double Sided Tape
The rising demand for Double sided tapes from automotive, building & construction, paper & printings, and electrical & electronics from APAC countries is projected to drive the growth of the Double Sided Tape Market. Double sided tapes are made when glue is covered onto the two sides of a bearer material. This tape is then twisted along with a discharge liner, normally with paper that is covered on the two sides with a silicone discharge operator. The material used is normally a polymeric film, foam, paper, cloth or foil covered with an acrylic, rubber or silicone adhesive. The adhesive can be the same on the two sides or can be distinctive covering thickness, alluded to as a differential adhesive tape. Double sided tape is utilized for strong automotive attachment that holds securely through any road or weather condition due to its temperature resistance properties. It provides super strong automotive attachment for a strong, secure bond to the vehicle.
Attributes | Details |
---|
Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.75% |
The global double sided tape market is highly fragmented and the major players are using various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Double Sided Tape market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M Company (United States), Nitto Denko Corporation (Japan), Tesa SE (Germany), Intertape Polymer Group Inc. (Canada), Avery Dennison Corporation (United States), Shurtape Technologies, LLC (United States), Scapa Group Plc (United Kingdom), Lintec Corporation (Japan) and Flexcon Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are ECHOtape (United States), MBK Tape Solutions (United States), Parafix Tapes (United Kingdom) and Berry Global, Inc.(United States).
Segmentation Overview
AMA Research has segmented the market of Global Double Sided Tape market by and Region.
On the basis of geography, the market of Double Sided Tape has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Technology, the sub-segment i.e. Water-based will boost the Double Sided Tape market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Backing Material, the sub-segment i.e. Unsupported will boost the Double Sided Tape market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End user, the sub-segment i.e. Paper & Printing will boost the Double Sided Tape market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resin Type, the sub-segment i.e. Acrylic will boost the Double Sided Tape market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Supportive Government regulations and availability of cheap raw materials are fueling the growth of the market
Market Growth Drivers:
Increased Usage of Double Sided Tape in Various Applications Such as Automotive And Electronics, Growing Demand for Acrylic and Polyethylene Foam Backed Using Double Sided Tapes and Rapid urbanization and industrialization in APAC region
Challenges:
Cost of foam material across the globe is posing a challenge for the market.
Restraints:
Limitation of paper backed double sided tape may hamper the sale of the market.
Opportunities:
Rapid urbanization and industrialization in APAC region with entry of new players is providing an opportunity for the market players.
Market Leaders and their expansionary development strategies
In February 2023, Tesa has acquired the lohman tapes, a german manufacturer of high performanace adhesive tapes. The acquisition is expected to expand tesa's product portfolio and reach new customer segment.
Key Target Audience
Double Sided Tape Manufacturers, Double Sided Tape Material Suppliers, Raw Material Suppliers, Formulation Technology Providers, Industry Associations, Automotive Companies, Healthcare Tapes Manufacturers, Electrical & Electronics Equipment Manufacturers, Paper & Printing Companies, NGOs, Government, and Regional Agencies and Research Organizations and Associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.